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20130623
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KPIX (CBS) 46
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English 46
Search Results 0 to 45 of about 46 (some duplicates have been removed)
CBS
Jun 17, 2013 4:00am PDT
aimed at discussing world trade and what to do about the ailing economy, the two-year war in syria is expected to dominate. susan mcginnis is in washington. susan, good morning. >> good morning, anne-marie. security is tight at the lakeside golf resort where this summit is being held. along with syria, another topic that might come up is some top-level eavesdropping among foreign diplomats. president obama is in northern ireland to meet with world leaders at the g-8 summit. syria is not normally on the docket but is expected to dominate the talks following president obama's move to ship weapons to rebels fighters. >> there are very big differences between the analysis of what happened in syria and who is to blame. >> russia is noun to have given weapons. president vladimir putin says the rebels in syria are terrorists and barbarians who have even practiced cannibalism. >> are these the ones you want to support? are these the ones you want to supply with weapons? >> president obama and pr putin are expected to hold private conversation this afternoon. the conversation comes after a
CBS
Jun 22, 2013 5:00am PDT
market church. >> if the economy is able to stay in a reasonable cruising speed we'll ease the pressure on the accelerator by gradually reducing the list of purchases. >> it's a luxury problem to have when they say they don't need stimulus anymore. >> a slowdown in china's economy also has investors worried that chinese consumers won't be able to buy as many american goods, but analyst ben willis sees an opportunity in the falling stock prices. >> you should be buying your equities in the same way you're going to the supermarket and buying things on sale. >> the scaled back stimulus is pushed mortgage rates up, but that's not necessarily bad news for the housing market. >> a lot of people have been on the side looichbs waiting for whatever reason but they've decided rather than wait for the rates to gown further, they're going to get back in the marketing. >> it will be scaled back gradually only if the economy continues to gain speed and the job market improves. >>> let's talk more about the markets with lauren lyster of yahoo!. good morning. >> good morning. >> do you think they maybe
CBS
Jun 17, 2013 12:00pm PDT
fueling the buying spree. >>> meanwhile, across the pond they are talking the global economy. the g8 summit is under way in northern ireland, but it's not all about monetary policy. cbs reporter tara mergener on the discussions expected on u.s. wiretapping and syria. >> hello, everybody. >> reporter: president obama and british prime minister david cameron visited a northern ireland school where students are learning about the g8 summit. >> i think i just went outside the lines. >> reporter: but soon, the president and his counterparts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks including president obama's meeting with russian president vladimir putin. russia supports bashar al-assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow the government calling the fighters barbarians. >> are these the peo
CBS
Jun 21, 2013 7:00am PDT
day in years? plus, how the dow's plunge could be a good sign for the economy. >>> new overnight. word of a near miss in the skies above new york city. how two jets almost collided in midair. >> the incredible story of a deaf boy hearing for the first time. inside a medical breakthrough. >>> and the miami heat go back to back, repeating as nba champs. >>> but we begin this morning with a look at today's eye opener. your world in 90 seconds. >> people in hedging their bets. >> wall street tries to rebound after a massive sell-off and stocks tumbling. >> yesterday, the dow plunged, its biggest point drop since 2011. >> anxiety mounted over potential of the stimulus reserve to end. >> snowden under investigation. the inspector general race been looking into the company. >> we do believe there may be some problems. >> senate leaders appear to have reached a compromise on immigration reform but the deal is likely to face stiff opposition in the house. >> for peepople concerned about border security, once they see this bill it's almost overkill. >> it's back-to-back titles for the heat
CBS
Jun 19, 2013 5:30pm PDT
economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions over budget. carter evans investigates. and ken moreis' great-great- great grandfather is a giant of american history. jim axelrod on how a powerful legacy changed one man's man'sn. mission. >> frederic douglas said it's easier to build strong children than repair broken men. captioning sponsored by cbs >> pelley: good evening. it doesn't happen very often but it happened today-- the stock market plunged in reaction to good news. the news from the head of the federal reserve was that the economy is doing better. here's the part wall street did not like. ben bernanke said the economy is doing well enough that the fed is likely to ease back on one of its stimulus programs, a bond buying p
CBS
Jun 20, 2013 4:00am PDT
updated the outlook for the economy and bernanke said that's why the fed will most likely slow down its stimulus program. >> the committee currently anticipates it would be appropriate to moderate the monthly purchases later this year and if the subsequent data remain broadly aligned with current expectations for the economy, we would continue to dries the pace of purchases in measured steps through the first half of next year, ending purchases around mid-year. >> bernanke also expects the unemployment rate to fall to 6.8% by the end of 2014. on wall street bernanke's words spooked investors. the dow dropped 206 points and the nasdaq fell 31 points. >>> tokyo's nikkei dropped nearly 2%. hong kong's hang seng lost nearly 3%. >>> well, the irs is caught in another controversy. the agency says it's has to pay $70 million in union bonuses. some republicans want the irs to follow a white house directive and cancel them. in april the obama administration ordered all agencies to stop handing out bonuses bought of automatic spending cuts. >> and one of tv's most popular pitch men has been fired
CBS
Jun 17, 2013 5:30pm PDT
have crippled the economy. today rouhani signaled a new more open approach. "we are ready to show more transparency to the world" he said. rouhani is 64 years old, a cleric with a law degree from scotland. sc's also known as a bridge builder who was once iran's chief nuclear negotiator. in 2003, he put that program on pause to pave the way for talks with the west. sir richard dalton, back then britain's ambassador to iran, said rouhani could steer the way to talks again. >> provided by the united states and its negotiating partners come forward a little way to meet iran it should be possible to get a first stage confidence building agreement on the nuclear question. >> reporter: asked specifically today about iran's relations with the united states, rouhani said "there's an old wound between the two countries that needs to be healed." jubilant iranians spilled into the streets to celebrate rouhani's win. although they won't know for some time just how much of a reformer he turns out to be. >> pelley: elizabeth palmer is joining us from our london bureau. elizabeth, if this is reform, w
CBS
Jun 21, 2013 6:00am PDT
their bond buying program later this year if the economy continues to improve. >> a choppy volatile summer. i would expect us to end the summer below or where we are now. >> many investors say the sell- off, what they always say, an opportunity to buy discounted shares. >>> in less than an hour thousands will kick off the susan g. komen three-day walk for breast cancer cure. this will be the last such walk here in the bay area. kpix 5's sue kwon joins us live from the starting line in corte madera with that. >> reporter: bright and early people lacing up ready to go in their hot pink getting ready and registered for open ceremonies to begin around 7 a.m. this is going to be a three-day walk. 20 miles today goes through the presidio where they will camp out tonight. all in all going about 60 miles. as you mentioned this is the last event in the bay area. the charity has canceled half of all its three-day walks including boston, chicago, tampa bay, washington, d.c. and her in the bay area and the reason why? they cite low participation, economic uncertainty, and a low donation rate. b
CBS
Jun 20, 2013 5:30pm PDT
china. the once-booming chinese economy-- now the second-largest in the world-- is beginning to slow down. wall street is worried that the chinese government is not acting fast enough to boost its economy by injecting cash into a tight cred chinese banks have become reluctant to lend to each other. overnight, interest rates shot up by double digits according to wall street trader ben willis. >> this is a natural correction we've been looking for. we can blame it on ben bernanke, we can blame it on china, we can blame it on greece. >> reporter: but with credit tight, investors who r worried chinese consumers won't be able to buy as many goods from the west, hurting other economies. but willis remains optimistic seeing opportunity if falling stock prices >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money. i >> exactly. >> reporter: and with the dow rising more than 12% so far this year, stocks were selling at a premium so, scott, many investors see
CBS
Jun 20, 2013 4:30am PDT
highs but bernanke says the economy is looking up and predicts unemployment will drop to 7% so he says that stimulus might not be needed anymore. >>> best buy is recalling replacement batteries for the macbook pro laptop. the battery can apparently catch fire. so far, there have been more than a dozen reports of this happening. one person suffered a serious burn on the leg. the atg lithium ion batteries were sold between 2008 and 2012. >>> a major donut chain is about to roll out gluten-free products. dunkin' donuts says it plans to offer them in cinnamon sugar and blueberry muffins by the end of the year. about 1% of americans have celiac disease. even small amounts of gluten can prompt severe discomfort so now they can have donuts. >>> key players are saying little about the firing of men's warehouse founder and pitchman george zimmer. >> you'll like the way you look, i guarantee it. >> we have seen those ads for years. the corporate chain with offices in fremont made a statement yesterday. they haven't said why they fired the executive chairman. he founded the company in 1973 with o
CBS
Jun 19, 2013 4:00am PDT
questions. they're looking for an update on the state of the economy, and they want clarity about whether the fed will continue to keep interest rates low. >>> asian stocks were mixed ahead of word from the feds. tokyo's nikkei added nearly 2% while hong kong's hang seng dipped 1%. >>> and wall street still believes the central bank will continue the stimulus program. tuesday the dow jumped 138 poichblts to close at 15,318 while the nasdaq rose 30 points. >>> two weeks ago the car company defied the federal regulators and refused to recall 3 million jeeps. the feds said the fuel tanks could rupture and cause fires in rear end collisions. now chrysler says they will recall a million and a half 2002 through 2007 jeep liberties and grand cherokees made from 1993 to 1998. >>> well, new yorkers won't have to worry about charging their dying cell phones. the city along with at&t will put up 25 solar powered charging stations. the program begins next week and it will be free. the stations can recharge up to six devices at a time, but after 30 phones get juiced, these solar batteries will
CBS
Jun 21, 2013 12:00pm PDT
. there are concerns when this happens whether or not the economy will be strong enough for that to happen and the st. louis fed president james bullard who dissented against talking about signalling a bond tapering said that it may have been premature to talk about that when the fed in the process was trimming back its own economic forecast for 2013. but the market has stabilized a bit today but certainly if we're going to see volatility continue for some time until the fed does say exactly when it will make that bond move. let's take a quick look at the market right now. the dow is up by 64 points. it's been back and forward today. nasdaq is still down by 10 on pressure from oracle's weaker- than-expected earnings. the s&p up by 6 points right now. michelle, we'll take that right now. >> yeah, we will. kcbs radio's financial reporter jason brooks, thank you. >>> in other economic news california's latest employment numbers show more people are heading to work every day. the state's unemployment rate fell to 8.6% last month. that's the first time in nearly five years the jobless ra
CBS
Jun 21, 2013 1:35am PDT
a day after the federal reserve said it would scale back its bond buying program if the economy continues to improve. >> i think we'll have a choppy volatile summer. i expect us to end the summer below or at where we are right now. >> it's an opportunity to buy. buy low. sell high. the stock market is still up. double digits for the year. >>> the fbi has a guy on the most wanted list. he hasn't murdered anyone on blown anyone up. he's wanted for mail fraud. bruce lee marshal has been on the run since may 17th. he's charged with tricking a former employer into paying $100,000 for contracting work with a fake company he invented. >> in this particular instance, he portrayed himself as being able to set up a company that could provide services to a start up company, when in fact it appeared that he did not provide what he said he could provide and was paid for much of those services. >> he's 5-10 with black hair and brown eyes. he's trying to find a job as a software engineer in the san francisco or san jose area. >>> coming up, an infamous bay area killing comes to life on the big
CBS
Jun 17, 2013 6:00am PDT
kissed the ground where it went. >> we're impressed. >>> 6:26. coming up not just the economy. the top issue facing world leaders at the g8 summit. >> plus, hundreds evacuated into the streets of san francisco. the cause and will it impact business this morning? >> reporter: i'm linda yee in pacifica. she's only 10 years old, but she was able to punch her way out of an attempted kidnapping. i'll have her story. ,, ,,,,,,,,,,,,,,,,,, >>> in this case it seems like we had a tough little girl who hand herself very well. >> a man 6 feet tall approached the 10-year-old and said come with me. >> crews are going from address to address restoring service following a gas main break. >> we saw the bomb squad. we didn't know what's going on. >> president obama is in northern ireland to meet with world leaders at the g8 summit. syria is not formally on the docket but is expected to dominate the talks. >> there are very big differences between the analysis we have of what happened in syria and who is to alabama. >> we have a long road here. i don't want to create a long belief that tomorrow everybo
CBS
Jun 19, 2013 6:00am PDT
economy stumbles after that. the market has rallied big time the first two days of this week. back-to-back triple-digit gains by the dow jones. let's look at the big board see how we're doing this morning. market pulling back a little bit ahead of the fed announcement. dow dropping about 40 points. nasdaq and s&p each lower by about 4 points. netflix shares up 2%, tesla up 1.5%. >> thank you, jason brooks from kcbs news. >>> the republican led house has passed an anti-abortion bill. the measure restricts abortions for the first 20 weeks after conception. it's almost certain to fall short in the democratic-led senate. the white house has issued a veto threat. but it will have political impact in next year's republican primaries and future court battles challenging the 1973 supreme court decision affirming abortion. >>> breast cancer survivor melissa etheridge is commenting about angelina jolie's decision to undergo a double mastectomy. in an interview she called it a fearful choice. the rocker revealed she too has the same gene mutation but calls jolie's decisions not something i co
CBS
Jun 21, 2013 5:30pm PDT
wall street feared when the chairman of the federal reserve said that the economy had improved enough for the fed to ease back on one of its stimulus programs. the dow lost 559 points in the two days after that announcement. it stabilized today, gaining 41 points. it's not just the stock market. anthony mason tells us higher interest rates are also affecting the housing market. >> one of the things i love about this house most is the kitchen. >> reporter: in dumont, new jersey, 30-year-old jeremy mcdonald decided he couldn't wait any longer to jump into the housing market. >> and now, you know, that the prices are starting to trickle up a little bit, it's a good time to get in there because i know the market is not going down anywhere. >> reporter: realtor kelly weber said in the past few months it's suddenly become a sellers' market. >> they're starting to get over asking prices. >> reporter: weber says two forces are combining to drive up prices. >> inventory is low and you have buyers wanting to get in before the rates start creeping further up which is creating this frenzy.
CBS
Jun 16, 2013 8:30am PDT
the fastest growing economies in the world. in africa we see many of the best opportunities for us for renewed investment in trade. in africa we also see some of the most robust threats and challenges to the united states. and, you know, it's very important for the president of the united states, as the commander in chief and as the representative of this government and of the american people, to be able to travel to carry out our foreign policy. now, on the question of sequester, is it right that we should just let the sequester sit in place? absolutely not, bob. we should not. that's why we have aggressively been reaching out to republicans and democrats to underscore the tough choice choices that you ai talked about the last time i i was on your show, that this president is willing to take too try to make long-term investments to return growth and opportunity to the middle class in america. right now, unfortunately what, we're seeing is too many people in washington complacent with the status quo. this president is not willing to do that. so if congress won't work with us on the
CBS
Jun 15, 2013 5:00am PDT
economy is slowly improving, millions of americans are still out of work. and the interview process can be tough for both job seekers and employers. debra shigley is an expert on job hunting and the workplace, and she says there is a better way. good morning to you, debra. >> good morning. >> i'm happy to hear that interviews do not assess talent. you're telling us that's not the best way to go about this. >> there's a lot of new methods working better than previous methods in the past. one thing we see a lot now is a structured interview. that means basically the employer is trying to figure out job criteria and match up the candidate to situations in the past that will predict their potential success in the job at hand. >> so do you -- should you interview -- should you interview differently in different circumstances? i mean i think one of the things that some of these studies point out that is that in interviews we tend up relating to people who are like us, right? >> yes absolutely. there's an issue of bias. that's part of the reason why they like to do more objective structured in
CBS
Jun 16, 2013 6:00am PDT
relationship with the mainland whereby our economy is protected by constitution, we have an independent judiciary and most interestingly we have a fairly robust system of law. >> reporter: while there were calls to protect snowden, most legal experts here say it's likely he will be returned to the u.s. where he could face prison time for revealing america's spy secrets. >> how can i spend an enormous amount of money, be uncomfortable and listen to my children complain and whine? (laughter) disney!,,,,,, for our families... our neighbors... and our communities... america's beverage companies have created... a wide range of new choices. developing smaller portion sizes and more.. low and no-calorie beverages... adding clear calorie labels so you know... exactly what you're choosing... and in schools, replacing full-calorie soft drinks... with lower-calorie options. with more choices and fewer calories... >> cowan: who better to speak of the true meaning of father's day than a stand-up sdmad fortunately for us, anthony mason has found one. >> there's something very unsuxy about parenting.
CBS
Jun 18, 2013 7:00am PDT
have been put off since the recession began. now that the economy is improving, there could be more marriages in the next two years. a virginia company says that is because couples feel more secure about their financial future >>> the world's most definitive dictionary oxford english dictionary says tweet is a word. they define it as to make a posting on the social networking service twitter. also, to use twitter regularly or habit actually. one of 1200 new words. another term dad dancing. an awkward, unfashionable or unrestrained style of dancing performed by a middle-aged or older man. i took the liberty of calling mel them this morning because they know your dance moves. i have also seen you on ban cat. >> it reminds me of mom jeans. that's dressing in mom jeans. >> dad dancing is a term. >> i can also dance backwards. >> he is a man of many >>> millions of americans believe in >>> millions of americans believe in alternative medicine. a leading doctor says this. we are wasting money and we may be damaging our health. we'll talk to him next on "cbs this morning." >> announcer: th
CBS
Jun 17, 2013 4:30am PDT
the group of eight summit is supposed to center around europe's ailing economy. but as cbs reporter susan mcginnis reports another topic is expected to draw attention. >> reporter: president obama left air force one holding daughter sasha's hand. for the next two days, he will meet with world leaders here in northern ireland which he sees as an appropriate place to talk peace. >> beyond these shores right now in scattered corners of the world there are people living in the grip of conflict. you're their blue print to follow. we're the proof of what's to follow. >> reporter: russian president vladimir putin says president obama's plan to arm rebel fighters who he calls barbarians will hurt the chances for peace in syria. >> are these the people you want to support? are they the ones you want to supply with weapons? >> reporter: president obama and president putin are scheduled to hold private talks this afternoon. the conversation comes after a new report reveals the u.s. and the uk spied on russia and others at another summit. the british newspaper the guardian says former nsa contr
CBS
Jun 18, 2013 4:00am PDT
two-day meeting today. and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points. >>> standard & poor's lowered ford motors stock from buy to hold. the market index claimed ford's losses in europe which are expected to reach $2 billion this year. but s&p did say pickup sales in the u.s. should help the automakers see strong profits. >>> a big coup for netflix. starting next year, they'll be joining forces with dreamworks. the agreement is said to include 300 hours of new tv episodes. financial details have not been released but it's expected to be worth several hundred million dollars. the deal will help netflix compete with premium channels like hbo and showtime.
CBS
Jun 19, 2013 4:30am PDT
for the sake of the world economy. >> germany is the largest trading partner with us in the eu so we have a profound stake in each other's success. we agree there's more work to do. not only do we have to grow, but we also have to reform our economies structurally. >> the president also took time to defend u.s. spying saying they have averted at least 50 threats and saved lives in the process. mr. obama's berlin visit comes almost 50 years to the day since president kennedy delivered his famous anticommunist speech. >>> a tree trimmer used his chainsaw yesterday in the area of golf links road and mountain boulevard. kpix 5's juliette goodrich was first on the scene and talked to the man who came face to face with a suspect. >>> reporter: >> then i see this guy over there. and he says come here. and i thought it was a cop. >> reporter: it wasn't a cop. it was a suspected carjacker hiding from the cops after a high-speed chase from san leandro to oakland. victor happened to be trimming trees in the area. >> he called me again and i come to him. and he asked me if i have a phone. >>
CBS
Jun 14, 2013 5:00pm PDT
, tools, and everybody in the sharing economy saying, we can actually plan with you and not wait for disaster to hit. >> reporter: hurricane sandy last winter was the wake-up call for new york. >> the oceans are warmer so we would expect more storms and we have to be ready for that. we have 450 miles of coastline in new york city. and we need a lot of technology to figure out how to protect from waves, from high water, from winds and that kind of thing. >> reporter: and both mayors say they hope to reach their goals by having this high-tech summit. the first one will be in new york city this fall. the second part of that summit will be held right here in san francisco early next year. live in san francisco, linda yee, kpix 5. >> nice to see we have finally bridged the uhuru. there are 600 san francisco- based technology companies that already work together to help solve city problems such as education and immigration issues. >>> a trip to hawaii that turned into the ultimate vacation nightmare. on the consumerwatch, julie watts with a warning before you book your next vacation online
CBS
Jun 18, 2013 4:30am PDT
meeting that begins today. tomorrow the fed chief will talk about the economy. the markets have been in upheaval for the past 3.5 weeks after ben bernanke told congress the fed might soon scale back its efforts to keep interest rates low. >>> well, if you have money on your mind, your morals might slip. that's what researchers at harvard and the university of utah found. they got people to think subconsciously about cash by showing them pictures of money and they say those people were more likely to act in unethical ways like stealing from work or trying to get insider information. >> money makes people greedy. guess that's what happens when people win the lottery. they say it's the worst thing that can happen. >> they usually blow right through it very quickly. >>> time now 4:50. coming up a stinky situation at o.co. how a sewage problem could push the as out of oakland. >> plus, having a bad hair day? the unlikely culprit in your bathroom. >> and pint-sized protectio . the ebay auction that's now gone viral. ,, at farmers we make you smarter about insurance, because what you dont know
CBS
Jun 21, 2013 4:00am PDT
point, albeit slowly. the faucet will turn off slowly, and it's time to see if our economy can stand on its own. >> that would likely mean mortgage rates will continue to rise. after hovering near historic lows since the end of the recession, rates have ticked up since the beginning of the year and that could slow the housing recovery. >> once we see the rates start to move and we're starting to see it, there might be a little bit of a panic there that you're missing out on opportunities. >> but the reason for fed's decision to stop the bond buying program is improving economic data. ben bernanke says he's expecting the economy to grow. experts say it's a by-product of a brighter economic future. >> we love this. this is what we live for. when you have these kind of -- this kind of volatility, this is a dream for us. that's why you're in the business. >> this is when you make your money. >> exactly. >> the dow is still up about 12% since the beginning of the year, so many investors are looking at this week's selloff as an opportunity to snatch up stocks at a discount. anne-marie? >> ash
CBS
Jun 19, 2013 5:00am PDT
countries' needs to work closely together for the sake of the world economy. >> overall, germany is our largest trading partner in the eu so we have a profound stake in each other's success. we agree that there's more work to do. not only do we have to grow, but we also have to reform our economies structurally. >> the president also took time to defend u.s. surveillance programs saying they have averted at least 50 threats and saved lives in the process. mr. obama's berlin visit comes almost 50 years to the day it was june 26th, 1963, when president kennedy delivered his anticommunism speech with the well known phrase, "ich bin ein berliner." >>> house republicans want to make it a federal crime to be in the u.s. illegally. a republican-based house economic voted yesterday to pass a bill boosting criminal penalties against anyone who is not a citizen. republicans say the bill is necessary to uphold enforcement of the law. democrats say it's too dangerous and are especially disappointed as the senate plans to work on an immigration bill to provide citizenship for millions of people.
CBS
Jun 20, 2013 6:00pm PDT
buying program later this year if the economy continues to improve. the sell-off wiped out almost two months of gains and is making some investors nervous. >> my heart sunk and i'm retired and i have my money left in that and i'm going, oh, please don't let me have to get a job in retirement because my money is gone. >> reporter: analysts say the feds pulling back is no surprise. they have to, or risk rising inflation. but it's a tricky dance. >> when we see the stock market pull back our 401(k) accounts don't look good in the next month, perhaps we won't make the consumer purchases we have been making, it may make people think twice about buying homes as interest and mortgage rates go up. it's a delicate balance. that's what the fed is trying to do right now. >> reporter: more volatility is expected ahead. still, some investors look at it as a time to buy stocks. >> as usual, these are the opportunities usually for the people who might have missed out on some of the rallies, not jumping in with both feet but stay rational and look to put your money to work. >> i will be buying so
CBS
Jun 21, 2013 6:00pm PDT
altogether. >> come on, man. come on, man. >> reporter: we found a booming economy in underground food markets where you cannot beat the deals. >> how much? >> one dollar. >> a dollar for three? >> reporter: the sellers are feisty. [ yelling ] >> reporter: sometimes the struggle of the tenderloin neighborhood shows up too. >> give me all my money! >> reporter: but this story is more about where these sellers get at least some of their inventory. some of it comes from the san francisco food bank warehouse. >> we're aware that there are a few people who are selling food some of it we know comes from the food bank. >> reporter: how do you know that? >> we can see from the type of food that it is. some of it actually has our name on it. the food that we repackage has our name on it. >> reporter: we showed the executive director one of the food bank's products packaged here like this some clearly marked, not for resale. >> what's your reaction to that? >> well, it's never okay to sell food that comes from the food bank. it's not our donors' intent. it's against our policy and we make i
CBS
Jun 14, 2013 5:30pm PDT
silicon valley economy is humming, why so many layoffs? len? >> reporter: well, for some companies, it's humming along. for symantec, unfortunately, it is not. symantec officials are not officially commenting on the number of layoffs but it is expected to be very significant. and when a company this size does something like that, it has definite ripple effects throughout the local economy. it is one of the biggest and most well known companies in silicon valley. >> symantec. >> reporter: a coffee roasting manager knows many of symantec's 21,000 workers as regulars and friends. >> hey, how's it going? >> reporter: her shop is just two blocks from the sprawling symantec campus and takes in about 10% of its sales from symantec catering orders and walk-ins. >> to 7:30 it's like line out the door sometimes both ways. >> reporter: now she is afraid the lines and the business will begin disappearing. symantec is in the middle of a companywide transformation and reorganization that will reportedly cut 1700 jobs, potentially one of the big job upheavals in the valley in years. >> they are h
CBS
Jun 20, 2013 6:00am PDT
year which would mean the bond tapering to begin later this year. that depends on the economy doing well enough for the fed to do that. and stocks sold off big time dow down over 200 and overseas markets selling off, gold selling off. the 10-year note up about 2.4% a year and a half high. expect mortgage rates to head higher. mortgage rates are tied to the 10 area note. they have been on the rise of late. freddie mark reports this morning. as far as the economy is concerned a number of reports on that again today and the labor department says first time weekly unemployment claims rose to 354,000 within the range of job growth. if the economy is stumbling along, that is going to force the fed to continue its current quantitative easing plan. it's a perverse way of looking at things. it's a rough start today. dow down 134. nasdaq down 31. s&p lower by 14. michelle and brian, back to you. >> thank you, jason brooks. >>> the key players are still say very little bit ousting of men's warehouse founder and pitchman george zimmer. >> you're going to like the way you look, i guarantee it. >
CBS
Jun 19, 2013 6:00pm PDT
the economy and sequestration have done a number on the funding delaying plans. so is the 2018 opening date realistic? >> i think that's a reasonable target date but i guess i would make that a pretty soft date. >> reporter: but nothing worthwhile is easy. this is a vote of confidence in richmond's future and just as important, the children. there are plans to expand the university and lab's involvement in the schools. so one day, richmond's children can aspire to be the scientists at this site. >> they will now have something that represents more of the future than their proud past and we're very proud to be part of that. >> reporter: there will be a community meeting tomorrow so that the lab at the university can tell the public their long range plans and the public can weigh in. we are expected to hear some concerns about traffic in the surrounding area. but allen, unlike many, many projects throughout the in the past, here, people -- throughout the bay area in the past, here people want to see it done and are working together. >> thank you. >>> by the way, tomorrow's meeting is fro
CBS
Jun 15, 2013 6:30pm PDT
keeping the american economy competitive while making sure our job force stays strong. that's the news at 6:30. we'll see you at 11:00. the latest news and weather are always on our website, kpix.com. captions by: caption colorado comments@captioncolorado.com ,, ,,,,,,,,,, [ female announcer ] life is full of compromises. but when it comes to what your family really loves, you shouldn't have to sacrifice. and that goes double for ice cream. now you don't have to give up. you can give in with dreyer's slow churned light ice cream. we churn it slowly for all the rich and creamy taste with just half the fat. ♪ dreyer's slow churned light ice cream. ♪ nestlé -- good food, good life. >> an all new eye on the bay starts now in hd. >> this edition of eye on the bay is sponsored by oakland zoo. >> new york got to get away guid
CBS
Jun 20, 2013 5:00pm PDT
the economy continues to improve. the sell-off wiped out almost two months of gains and is making some investors nervous. >> my heart sunk and i'm retired and i have my money left in that and i'm going, oh, please don't let me have to get a job in retirement because my money is gone. >> reporter: the feds have pull back or risk rising inflation. but it's a tricky dance. >> when we see the stock market pull back our 401(k) accounts don't look good in the next month, perhaps we won't make the consumer purchases we have been making, it may make people think twice about buying homes as interest and mortgage rates go up. it's a delicate balance. >> reporter: more volatility is expected ahead. still, some investors look at it as a time to buy stocks. >> as usual, these are the opportunities usually for the people who might have missed out on some of the rallies, not jumping in with both feet but stay rational and look to put your money to work. >> i will be buying soon when it's stabilizing. >> reporter: so you're not worried that there are more bumps ahead? >> there are probably bumps
CBS
Jun 18, 2013 6:00am PDT
gathered for the final group photo. although the focus was supposed to be the world economy, the crisis in syria stole the spotlight. the u.s. plans to army rebels in syria while russia supports the present government. >> we want to try to resolve the issue through political means if possible. >> including by bringing the parties to the negotiations table in geneva. we agree to push the parties to the negotiations table. >> other topics up for discussion include deterring kidnappings of foreign workers in africa and cornering globe trotting corporations into paying more taxes. >>> a scary ride for passengers on a united flight from hong kong to newark, new jersey. they were more than halfway into the 15-hour flight when a man started ranting about national security, the cia and international spying. he also claimed he and everyone else on the plane were poisoned. the crew and other passengers decided to subdue him. >> a few of us jumped on him, put him on the ground with the help of a few passengers and flight attendants. we were able to handcuff him. >> the fbi met the flight in newark an
CBS
Jun 19, 2013 5:00pm PDT
@captioncolorado.com >> ight, a brighter economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions over budget. carter evans investigates. and ken moreis' great-great- great grandfather is a giant of american history. jim axelrod on how a powerful legacy changed one man's man'sn. mission. >> frederic douglas said it's easier to build strong children
CBS
Jun 20, 2013 7:00am PDT
it's the fed's assessment that the economy's on firmer footing that is behind this guidance. >> do you think they're overestimating the strength of the economy? >> it's hard to say. there is very good evidence because the housing market has gotten some momentum. the auto sector is doing well. weep we've had steady if not strong gains in jobs. there was also a perception, a the fed is often kind of overestimated how strong the economy is going to be in the past couple of years. and also there was sort of a sense that ben bernanke the chairman, had an opening to be much more soothsing because inflation remains very low and he could have had an out by saying the sequester means the government is not helping the recovery out. >> the reason the average consumer should be interested in this is because it affected interest rates. >> it already has. we've already probably seen the lows in mortgage rates for the time being. so yes, that's the most immediate impact. >> the idea behind it on terms of what bernanke had said was he wanted to use the fed to reduce unemployment levels. >> that's righ
CBS
Jun 19, 2013 7:00am PDT
says if the reform bill passes, it would boost the economy and cut the federal deficit by $200 billion in the next decade. but now there are fears it may not happen at all. our political director john dickerson is in washington. john, good morning. >> reporter: morning, charlie. >> so what's the impact of this cbo report? >> reporter: well, i think for those who are pushing comprehensive immigration reform, it's a second big argument for them. they've been making the moral case that the immigration system has to be fixtured. now they can make an economic case that it's actually good for the economy. and critics, though, of this have seen a kind of push to get this bill rammed through. and so a lot of conservatives think that cbo is kind of tweaking the numbers here. they don't believe this will be good for the economy at all. >> john, what does it portend for the future of the immigration bill in the house when a key committee just passed a bill that would make it a federal crime to be in the united states illegally? >> reporter: the central tension to watch in this bill is between get
CBS
Jun 16, 2013 7:00pm PDT
money you invest. it's everyday reinvesting for your personal economy. >> simon: every once in a while, a team comes along that stands out in professional sports not just for its victories, but for the beauty with which it plays the game. barcelona's football club-- barca, as it's known to fans around the world-- is just such a team. the secret? many point to its youth academy, which recruits boys often no more than seven years old, gives them a rigorous education and teaches them barca's unique style. in some matches this season, all 11 players on the field were graduates of the football academy. since we first reported this story in january, barca suffered a few setbacks; barca's coach had a relapse of cancer which kept him from the field for months, and the team endured a devastating defeat in world's most prestigious club tournament, the champion's league. but fans certainly aren't writing barca off; they remain some of the most dedicated in the world. it's the biggest day of the year at camp nou, barcelona's iconic stadium-- the match, barca versus real madrid, called "el cl
CBS
Jun 14, 2013 6:00pm PDT
, and everybody in the sharing economy saying we can actually plan with you not wait for disaster to hit. >> reporter: hurricane sandy last winter was the wake-up call for new york. >> the oceans are warmer so we would expect more storms and we have to be ready for that and we have 450 miles of coastline in new york city. and we need a lot of technology to figure out how to protect from waves, from high water, from winds and that kind of thing. >> reporter: both mayors say they do need more help from technology leaders so the first part of that technology summit will be held in new york this fall. the second part of that summit will be here in san francisco early next year. in san francisco, linda yee, kpix 5. >> there are 600 san francisco- based technology companies that already work together to help solve city problems such as education and immigration issues. >>> i would never want to witness that again. >> restaurant customers and workers terrorized by masked gunmen. why bay area police say they couldn't respond to the desperate calls for help. >> we want to make sure that people do
CBS
Jun 18, 2013 6:00pm PDT
now estimated that they will pump $9 billion a year into the local economy. don knapp tells us why this tourism season expected to be one of the most lucrative ever. >> reporter: there are many ways to look at the tourism impact on san francisco. one way is to come to union square and look at all tourists from all around the world. they are spending a million dollars an hour. despite construction projects that bar their way and the biggest increase in the country in the cost of hotel rules, 11%, visit rooms are coming to san francisco on what's expected to be the busiest summer for tourism in recent years. these people are from italy. >> visiting this city because it's beautiful. it's fantastic. >> reporter: at moscone west, more than 1,000 travel industry professionals gathered to beat the drums for tourism claiming visitors to san francisco spend more than $24 million a day totaling $9 billion last year supporting 75,000 jobs. >> ladies and gentlemen, last year was just the beginning. >> reporter: while the number of visitors staying in hotels increased less than a single percent
CBS
Jun 18, 2013 5:00am PDT
supposed to be the world economy, the crisis in syria has stolen the spotlight. the u.s. plans to arm anti- government rebels in syria while russia supports the regime of syrian president bashar assad. >> we want to try to resolve the issue through political means if possible. >> including by bringing the parties to the negotiations table by bringing the parties to the negotiations table. >> other topics up for discussion including deterring kidnapping of foreign workers in africa and cornering globe trotting corporations into paying more taxes. >>> in afghanistan three people are dead after a car bomb went off today in kabul. authorities say the intended target was a prominent lawmaker who was not among the casualties. the attack came at about the same time of a major milestone in the 12-year war in afghanistan. president karzai announced today afghan forces have taken over the lead for security nationwide. it had been headed up by the u.s.-led nato coalition. >>> the trial of joe naso is now under way in marin county court. jurors wiped away tears as they were shown graphic photos o
CBS
Jun 15, 2013 7:00am PDT
economy where instead of paying big companies or big brands to give you premium services, people like you and i trade or offer cheaper alternatives. >> so basically somebody is coming to stay at your house and vice-versa. >> yes. >> you're going to stay at a private house or a private apartment. >> this creeps me out. >> you wouldn't be the first person to say that. but don't knock it until you try it. >> okay. you've been doing this. >> i've been doing it, and i have to say that from a personal perspective it actually makes me go on vacation more often because it's really that cheap, and you get to live like a local. you've got a kitchen, you can be in a busy neighborhood, you can be right there in the heart of the city and you're not paying as much as the people in the high rise hotels. >> have you had people stay at your place? >> i haven't done it the other way around. and with all these services, you can't just save money, but you can also make money. but unfortunately i don't have an extra spare room or vacation home to rent out. >> i don't know. yeah, even creepier than staying
CBS
Jun 21, 2013 5:00am PDT
economy can continue its recovery without help from the federal reserve. on wednesday fed chief ben bernanke hinted that the central bank will begin to scale back its stimulus program this year ending a long stretch of extremely low interest rates. those fears coupled with more data pointing to weakness in china sent stocks plunging. the dow was down 353 points the biggest drop in two years. the nasdaq was down 78. >>> the housing market continues to gain ground. sales of previously owned hopes are at the highest level in four years. the average home price is now going for $208,000. >>> and the popular photo sharing app instagram is adding video. the company owned by facebook will let users record 15 second clips and adjust the colors and contrast. facebook is trying to compete with twitter's video share app called vine. i love how you can change the color and contrast and make any pick look great? >> i know. i can make myself look ten pounds lighter. >> reporter: we all love it. >> let's talk yahoo now. apparently they have a new acquisition. >> reporter: yes. they now officially o
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